Fintel has reported a strong first-half performance, with total revenue rising 18.6% to £42.4m for the six months ending 30th June 2025, driven by strategic acquisitions and new product launches across its fintech and support services platform.
The company, which trades on AIM under the ticker FNTL, generated £5.2m in inorganic revenue over the period, with underlying organic growth of 4.2%. SaaS and subscription revenue rose to £24.2m, up 21% year-on-year, including £3.0m from acquisitions and 6.0% organic growth.
Adjusted EBITDA increased 17% to £11.2m, compared with £9.6m for the same period last year.
The group also highlighted a strong balance sheet with £8.4m in cash and £81.5m of headroom in its new £120m revolving credit facility.
Net debt stood at £32.0m, representing a leverage ratio of 1.34x following investment in acquisitions and new propositions.
Matt Timmins, CEO of Fintel plc, said: “2025 is progressing well, with strong trading in line with expectations.
“We continue to take advantage of our expanded market position with a number of new product launches and strategic partnerships across our brand portfolio.”
The first half included the launch of Defaqto Matrix 360, a new market and product intelligence platform supported by partnerships with Zurich, RAC, Frontier, NFU Mutual and Policy Expert.
The acquisition of Rayner Spencer Mills Research was completed on 7th January, extending Defaqto’s fund research capabilities.
Timmins added: “We are taking significant steps to simplify our structure and support the integration of our recent acquisitions, and the work we have done to align our business behind our core growth drivers is also progressing well.
“We are confident of delivering further progress in the second half of this year and beyond, with our extensive platform positioning us strongly to capitalise on the multiple growth opportunities available in a fragmented retail financial services market.”
